Answered step by step
Verified Expert Solution
Question
1 Approved Answer
direct answer with out explean Question 3 Not yet answered Marked out of 1.00 Flag question Amal and Aman are partners of a firm sharing
direct answer with out explean
Question 3 Not yet answered Marked out of 1.00 Flag question Amal and Aman are partners of a firm sharing profit and loss in the ratio of 4:3. Their Balance Sheet shows RO 14,000 as Profit and Loss A/c in the liabilities side. Pass the necessary journal entry in the books of accounts? a. Profit and Loss A/c 14,000 To Amal Capital A/C 8,000 Aman Capital A/c 6,000 O b. None of the options c. Amal Capital A/C 8,000 Aman Capital A/C 6,000 To Profit and Loss Appropriation A/C 14,000 O d. Amal Capital A/C 8,000 Aman Capital A/c 6,000 To Profit and Loss A/c 14,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started